Software spending is projected to grow 17.9 percent in 2017, and it will grow another 15.3 percent in 2018 to reach $5.7 billion.

IT services spending is on pace to grow 15.7 percent in 2017 to reach $12.6 billion, and increase 13.8 percent in 2018 to reach $14.3 billion.

India IT Spending Forecast (Millions of U.S. Dollars)

2017 Spending

2017 Growth (%)

2018 Spending

2018 Growth (%)

Communications Services

31320

7

32426

3.5

Data Center Systems

3086

5.6

3181

3.1

Devices

27795

23.2

31403

13

Enterprise Software

4988

17.9

5749

15.3

IT Services

12571

15.7

14308

13.8

Overall

79761

14.2

87067

9.2

Increased average selling prices for premium phones in mature markets, partially due to the introduction of the iPhone 8 and X, along with an underlying demand for PCs from businesses replacing their machines with Windows 10 PCs is driving the growth in this segment, said Gartner.